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Badal gets 100% ownership of Guyana Stockfeeds Inc.
The Government of Guyana has sold its 6.7 percent shares in Guyana Stockfeeds Inc., to Pegasus Hotel owner,
Businessman Robert Badal
Robert Badal. This gives the businessman 100 percent control of the company. Badal previously held the post of majority shareholder of the Guyana Stockfeeds Inc.
At a press briefing yesterday, Minister of State, Joseph Harmon told media operatives that Cabinet received a proposal from Badal for the sale of NICIL’s 6 .7 percent shareholding in Guyana Stockfeeds Inc., being 5437 ordinary shares at a price of $25 per share.
Harmon asserted that Badal’s offer was the only one Government received in response to two separate requests for proposals. He said that Cabinet then gave NICIL the approval to proceed with the transaction.
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